Bulls n Bears Investors Notebook Issue 256: 28 May 2019

Tue May 28 14:23:17 CAT 2019

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Bulls n Bears Investors Notebook Issue 256: 28 May 2019

 <mailto:info at bulls.co.zw> 

Bulls ‘n Bears Investors Diary: Today’s Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

C-TRADE introduces the Investment clubs

C-TRADE recently introduced investment clubs at the Inaugural Investor Day
Conference held on the 15th of May at the Harare International Conference
Centre. The concept of investment clubs is not new and has its roots dating
back to a thousand years ago. The world’s first investment club is said to
have been established in Texas in 1898 back in the days of the Wild West
when few investments could be considered safe. Investment clubs were seen as
an ideal way of spreading the risk – away from just cattle. Today it is a
concept that is widespread even on the African region.
<http://www.bulls.co.zw/> Read more »

A mouthful of zollars

Most currencies have snappy names, like yen, won, kip or lek. Some have
unfortunate ones: dong or colón. Few have names as cumbersome as Zimbabwe’s
Real-Time Gross-Settlement Dollars, also known

<http://www.bulls.co.zw/2019/05/28/a-mouthful-of-zollars/> Read more »

 <http://www.firstmutualproperties.co.zw/> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Zimbabwe exporters keeping $900 mln in offshore banks – treasury official

(Reuters) – A Zimbabwean treasury official accused exporters on Monday of
keeping $900 million of their earnings in offshore banks – money that he
said should be repatriated to ease

<http://www.bulls.co.zw/2019/05/28/zimbabwe-rules-out-electricity-tariff-inc
rease-amid-power-shortages/> Read more »

BCC, ZPC in dispute over ownership of power station

THE Bulawayo City Council (BCC) and the Zimbabwe Power Company are currently
embroiled in a dispute over the ownership of the Bulawayo Power Station with
the municipality claiming $106 million

<http://www.bulls.co.zw/2019/05/28/bcc-zpc-in-dispute-over-ownership-of-powe
r-station/> Read more »

Zimbabwe rules out electricity tariff increase amid power shortages

The Zimbabwean government on Monday ruled out tariff increases on
electricity as the nation faces its worst power shortages in three years.
The government, instead, said it would try to

<http://www.bulls.co.zw/2019/05/28/zimbabwe-rules-out-electricity-tariff-inc
rease-amid-power-shortages/> Read more »

 <mailto:info at bulls.co.zw> 

Mthuli Ncube Targets $1.1 Billion From 2% Tax In 2019

The Minister of Finance and Economic Development, Mthuli Ncube disclosed
that the 2 per cent tax has enabled the government to provide relief to
victims of natural disasters as well

<http://www.bulls.co.zw/2019/05/28/mthuli-ncube-targets-1-1-billion-from-2-t
ax-in-2019/> Read more »

Inflation To Fall By End Of 2019 – Mthuli Ncube

Finance and Economic Development Minister Mthuli Ncube said that he expects
runaway inflation to fall by the end of this year or the beginning of next
year. Ncube said this
 .
<http://www.bulls.co.zw/2019/05/28/inflation-to-fall-by-end-of-2019-mthuli-n
cube/> Read more »

 <mailto:info at bulls.co.zw> 

100 Conductors Fired By ZUPCO Over Ticketing Fraud

The Zimbabwe United Passenger Company (ZUPCO) has fired more than 100 bus
conductors for fraud in the issuing of tickets to passengers. The dismissals
have been done over the past

<http://www.bulls.co.zw/2019/05/28/100-conductors-fired-by-zupco-over-ticket
ing-fraud/> Read more »

Mlambo leaves BAT   

Cigarettes manufacturer, British American Tobacco (BAT) managing director
Clara Mlambo will resign from the helm of the company next month. In a
notice, BAT indicated Mrs Mlambo would resign effective June 30, 2019. The
firm is already in the process of recruiting a replacement for Mrs Mlambo.
“The board of directors of British American Tobacco Zimbabwe (Holdings)
wishes to advise its shareholders that Mrs Clara Mlambo resigned as managing
director of the company effective June 30, 2019.  <http://www.bulls.co.zw/>
Read more »

Nampak revenue ahead of previous year   

Paper and packaging group Nampak Zimbabwe says revenue for the six months to
March 31, 2019 was ahead of prior year although volumes went down
significantly in the plastics and metals segments. It was, however,
marginally ahead of the comparable prior year in the printing and converting
segment. Generally, business was negatively affected by foreign currency
shortages that resulted in supply gaps especially in plastic packaging.
<http://www.bulls.co.zw/> Read more »

Local consortium bids for Metallon’s mines   

LOCAL consortium, Vara Mining, has made a bid for Metallon Corporation’s
Mazowe and Shamva gold mines, according to sources familiar with the
developments. This comes as mid-tier Canadian miner B2Gold dismissed reports
that it was considering buying the assets, emphasising it was not currently
interested in any mergers or acquisitions. Earlier media reports had
indicated that B2Gold would bid for the two gold mines if it was to be
exempted from a law that requires producers to sell gold to Fidelity
Printers and Refiners, an arm of the Reserve Bank of Zimbabwe.
<http://www.bulls.co.zw/> Read more »

Govt polishes up interbank market   

GOVERNMENT is working on ensuring efficient functioning of the interbank
market to meet the economy’s foreign currency requirements and bring sanity
to price increases that are driven by black market currency premiums. The
Government believes that the country is generating enough hard currency but
prevailing shortages are a result of inefficient allocation and failure by
some exporters to remit some export proceeds within the prescribed period of
90 days. <http://www.bulls.co.zw/> Read more »

New forex rules in the pipeline   

Zimbabwe has enough foreign currency for businesses to meet their foreign
payments if the interbank starts operating efficiently, Secretary for
Finance and Economic Development Mr George Guvamatanga has said. He said
Zimbabwe was generating over US$1,2 billion per year in export proceeds,
which should be enough to oil the operations companies if taken to the
interbank market.  <http://www.bulls.co.zw/> Read more »

US$120m tiles plant takes off   

A US$120 million tile manufacturing plant near Norton has gone full steam
ahead, barely eight months after management got the nod to set up base
locally. Sunny Yi Feng Tiles (Zimbabwe) is already operating three factories
that are making tiles, printing cardboard boxes for packaging the tiles and
logistical support, covering up to 75 percent of its capacity and is
expected to reach full production soon.  <http://www.bulls.co.zw/> Read more
»

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Dairibord

AGM

Steward Room, Meikles

31 May 2019, 12pm

Lafarge

AGM

Manresa Club, Arcturus

05 June 2019 , 12pm

CBZ

AGM

Stewart Room, Meikles

05 June 2019 , 3pm

REST OF AFRICA

Counters Trading Under Cautionary

Post your event (AGM, EGM, Analysts Briefing, etc) on the Investor Diary
free of charge and reach out to the market. We have annual gold prices since
1900, monthly since January 1971 and daily prices since January 2000. We
also provide historical ZSE prices on request.

DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from sources believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls ‘n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and sourced from third parties.

Invest Wisely!

Bulls n Bears 

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